AST Spacemobile Rises 101.7% in Six Months: How to Play the Stock?

Key Takeaways ASTS shares rose 101.7% in six months, sharply outperforming the wireless equipment industry and market. ASTS launched its BlueBird 6 satellite, significantly expanding its coverage worldwide.ASTS faces rising costs, stiff satellite competition, and a premium valuation despite telecom partnerships.AST SpaceMobile (ASTS) has gained 101.7% in the past six months compared with the wireless equipment industry’s growth of 21%. The stock has outperformed the Zacks Computer & Technology sector and th ...